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FAFSA Rules Regarding Parents

FAFSA Rules Regarding Parents

by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Jan 10, 2023 | FAFSA

Every year, parents of enrolled and prospective college students should complete their part of the Free Application for Federal Student Aid (FAFSA) for financial aid from the Federal government, their state, and the student’s college. Over 13 million students file the...
Income-Driven Repayment Plans

Income-Driven Repayment Plans

by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Jan 10, 2023 | FAFSA

Student loan balances have spiked in the last few years. The average balance increased from $29,000 in fourth quarter 2016 to more than $36,000 in fourth quarter 2021. To reduce this burden, President Biden announced the Student Loan Forgiveness Plan (the Plan) in...
College Net Price Calculators

College Net Price Calculators

by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Jan 5, 2023 | Financial Aid

College is expensive. Fortunately, most students pay less than a college’s published price by taking advantage of the financial aid that’s available to them. Rather than looking at published prices when researching colleges, students should focus on net price — the...
Get Ready for the Digital PSAT and SAT

Get Ready for the Digital PSAT and SAT

by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Dec 20, 2022 | Exams

The PSAT and SAT will soon be taken exclusively by computer. This is a welcome change because it affirms the continuing relevance and usefulness of standardized tests in a digital, post-pandemic, test optional era.  There is likely to be a significant increase in...
Inflation and 529 Plans

Inflation and 529 Plans

by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Dec 14, 2022 | Financial Aid

College remains the highest savings priority of parents of college-bound children. Over 75% of parents in this group, when surveyed by The College Investor (TCI), indicated that they’re currently saving for college. TCI found that over 80% of parents are concerned...
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